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of the top defense analysts gives you his list of losers and winners next. >>> attention amazon shoppers, the online retail giant has its sights set on selling wine. >>> and oops, tim cook apologizes for apple's half-baked map app. is this his first big mistake of the ceo? we'll get to the core of the matter. at optionsxpress we create easy-to-use, powerful trading tools for all. like our all-in-one trade ticket. we put strategies, chains and positions all on one screen. start trading today with optionsxpress by charles schwa start trading today with for many, nexium helps relieve heartburn symptoms caused by acid reflux disease. osteoporosis-related bone fractures and low magnesium levels have been seen with nexium. possible side effects include headache, diarrhea, and abdominal pain. other serious stomach conditions may still exist. talk to your doctor about nexium. governor of getting it done. you know how to dance... with a deadline. and from national. because only national lets you choose any car in the aisle... and go. you can even take a full-size or above, and still pa
in northern virginia, technology and defense jobs, and using them as pawns to a demand higher taxes or a budget deal. now, these are tough times, but out of adversity, we can create a more confident, caring, and prosperous america, and that is a positive agenda i will forward to discussing today, and the ida is what is best for the virginia businesses. >> governors, thanks to both of you. this is a high-profile senate race for the nation, certainly very important for the commonwealth, and it is also occurring in the shadow of the presidential debate, so i want to ask you about 47% we heard about this week. governor romney in summer marks at a fundraiser taped earlier this year talked about how there is some 47% of the people that do not pay federal income tax. he said that he believes they are -- that they feel they are victims, that the government needs to take care of them, and that they are entitled to housing, you name it. part of that 47 percent said. what would you do about that? do you think that should change? and what do you think, generally, about too many virginians, too
points. first of all, defense will and can make a contribution to deficit reduction. secondly, this is not the way. the sequester is the worst way to go about reducing defense spending. thirdly, the right way to do it is to go after taxes, raise tax revenue and cut the entitlement programs, which are driving long-term spending growth and debt creation in this country. it's not defense, which is on a relatively stable downward path. so, you know, i would agree that we need to cut our deficits. it's just the wrong way to do it. >> so what is the better way to do it? here we have, you know, automatic cuts coming, automatic tax increases coming. a lot of people predicting that 2013 will be a recession as a result of this. we haven't even heard from the defense companies in terms of how many jobs they're about to cut because of it. so what's the best way to do it? >> keep in mind nobody wants the sequester to happen. maybe chris and his colleagues at catos are an exception. the idea of a sequester is so awf awful, it would cut so deeply into spending, it should never happen. it's a
national laboratories have produced incredible new technologies in defense and non-defense. you have a mature technology and you say they deserve a million dollars, that is not the role of government in my view providing tax breaks and incentives but to give them money, that is not the right answer. liz: the administration on both sides of the aisle have gone heavy into every mature industry year after year after year. at some point should we be in an effort to bring down the national debt looking at those? >> of it were up to me, i would get rid of them tomorrow. the one i disliked the most was ethanol. so yes, i think the oil industry, gasoline industry is doing pretty well. so i wouldn't subsidize it. liz: at all? >> no, of course not. why should we? are they hurting? liz: not at all. >> overtime if they do it right it can make energy oil independent. liz: an annual low rate from the previous 1.7%. from your perspective, what do we need to do to figure out this problem of growth? >> first of all, why is it they always have to revise lower? we need to, in my view, the burden the sm
here in northern virginia. virginia technology and defense jobs, and using them as pawns demand higher taxes, higher taxes for a budge deal. now, these are tough times, but out of this adversity, we can create a more confident, caring and prosperous america, and that's the positive agenda i look forward to discussing today, and the test is which approach is best for job creating virginia businesses. >> moderator: governors, thanks to both of you. i want to begin by talking about the role of government in virginia and the country. this is a high-profile senate race for the nation, certainly very important further commonwealth, and it's also occurring in the shadow of the presidential debate. i'd like to ask you about the 47% that we heard about this week. governor romney, in some remarks that were taped at a fundraiser earlier this year, talked about how there's 47% of the country that does not pay federal income tax. he said that they believe they are victims who believe the government has a responsibility to care for them, who believe they are entitled to health care, to food, to hous
these political games for the armed services. we need to have a strong economy and national defense. but the last thing we need to be doing is having these devastating cuts to our military readiness and that's what has to happen is stop these devastating cuts, come up with the cuts that have the right priority and make sure the men and women protecting our safety and our freedoms here have the best armments, the best equipment and making sure we get those good paying jobs and technology and defense here in virginia and not use then am a pon to raise taxes. >> no one's talking about using the military or veterans as pons, i mean, i haven't heard that stated except george kind of throw in that charge at me and that's the kind of charge that you ought to be more careful about. i take second to no one in appreciating the service of our folks in active service and in our military i was governor in the middle o two wars. our virginia guards people, 1,500 of them deployed. i went to the deployments and the wakes in afghanistan and i celebrate the fact that all units are home. we have to get to a resolve
military state. no surprise mitt romney would come to this crowd of veterans here to talk about defense issues. he talked a whole lot about president obama and the deal that was made with congress for sequestration cuts that would impact the defense department greatly. mitt romney said, if he were elected president, he would reverse those cuts. at a certain point during this speech, he talked about how he would actually add personnel to the united states military, not cut personnel. of course, that's going to raise the question where did that money come from? the romney campaign says all that is paid for. but you also heard mitt romney talk about the gd pfrnlts report that came out today that showed in the second quarter of this year, the nation's gdp was revised downward from 1.7% to 1.3%. mitt romney tried to link that issue to national defense. at one point saying in the his remarks here that china's economy is growing faster than the united states. russia's economy is growing faster than the united states and that a weak economy means weak national security. it's no surprise he tail
will host a meeting of nato defense ministers in brussels next week. necessity will likely discuss the nato mission and afghanistan beyond 2014 when combat operations are scheduled to end. >>> japan's defense minister says full scale operations of the osprey aircraft have been delayed. parts need to be replaced. 12 tilled rotor ospreys arrived as a u.s. air base in western japan in july for a temporary stay. six were flown to the air station in okinawa on monday. three more followed the next day. he told reporters that u.s. officials said two of the three ospreys require maintenance that includes replacing certain parts. >> translator: if an aircraft needs replacement parts, it usually means there is some problem with them. >> he says he does not believe the u.s. has a clear time tiebl or making the ospreys a fully operational unit. the u.s. military says they hope to start full operations within this month. >>> a vehicle named curiosity has been satisfying our curiosity ever since it landed on mars. nasa's rover transmitted pictures, even sound since it landed two months ago and the people
with republicans to slash defense spending if there's no budget deal by january 1st. >> and the idea of cutting our military commitment by a trillion dollars over this decade is unthinkable and devastating. >> reporter: romney's polls in this battleground state look potentially devastating. he's trailing by 3 to 7 p ers percent. romney backers like dave milne are worried. >> he has to get a little more fire in the belly. >> reporter: more romney the businessman suggests soccer mom monica camera. >> he needs to bring up the economy. >> reporter: president obama was in virginia pushing an elitist image of romney in a tv ad to run here putting faces on the 47% of americans romney says he sees as dependent on government. >> i see hard working virginians, i see students trying to work their way through college. >> reporter: the president was with students who typically pay no income tax, like many soldiers. >> and a see a whole bunch of veterans who have served this country with bravery and distinction. >> reporter: amid the cheering veterans at the romney rally was dave klane undecided because he says
of the joint chiefs of staff and the defense secretary finally statedding the obvious. >> it was a terrorist attack. as we determined details of what took place there and how that attack took place that it became clear there were terrorists who planned that attack. that's when i came to that conclusion. >> day after or was -- >> took a while to really get some of the feedback from what exactly happened at that location. >> there was a thread of intelligence reporting that groups in the environment in western, correction, eastern libya, were seeking to coalesce but there wasn't anything specific. bill: well, peter doocy is live in washington drilling down on the specifics. peter, if the administration knew it was terrorist attack in 24 hours, why did they not just say that? >> reporter: we heard from administration officials there is ongoing investigation and more details will come out after it wraps up. we learned yesterday not one fbi agent has stepped foot in fwauz gauze in the 17 days since the attack because things are too dangerous. u.s. officials internally labeled the deadly raid on t
it will not be subject to any defense related budget cuts at the start of the year. lockheed martin coming out bullish. rich edson has the whole story live at the pentagon. don't miss it. ♪ you see us, at the start of the day. on the company phone list that's a few names longer. you see us bank on busier highways. on once empty fields. everyday you see all the ways all of us at us bank are helping grow our economy. lending more so companies and communities can expand, grow stronger and get back to work. everyday you see all of us serving you, around the country, around the corner. us bank. ♪ >> i'm robert gray with your fox business brief. wall street continues to struggle with less than 30 minutes in the trading game. investors skittish of the return of the upcoming earnings season. spain's prospect for a bailout request and possible sovereign credit rating downgrade. right now the dow is off 46 points, the nasdaq now slightly higher. liberty media will soon find out how its takeover bid for serious ex-im is being received. the federal communications commission has set a november 1st deadline for
. [talking over each other] connell: department of defense telling lockheed martin not to be concerned about the fiscal cliff at the end of the year. rich edson at the pentagon to report on that. dagen: more problems for american airlines. when will that end? is it a labor fight? looking at the markets underrated but we don't like looking at it. so anyway, i've been to a lot of places. you know, i've helped a lot of people save a lot of money. but today...( sfx: loud noise of large metal object hitting the ground) things have been a little strange. (sfx: sound of piano smashing) roadrunner: meep meep. meep meep? (sfx: loud thud sound) what a strange place. geico®. fifteen minutes could save you fifteen percent or more on car insurance. robert: i am robert gray. republican senator chuck grassley of iowa turning up the heat on tim geithner. charlie gasparino reports that the senator wants to know what tim geithner knew about manipulations and when he knew it. grassley is asking tim geithner if he defends not telling congress about manipulation in 2008. u.s. automakers reporting mixed septembe
. it is not a good feeling. the defense minister says that when it comes to military spending, the iron dome defense system, remember this is not the first time that egyptians ransacked an embassy. they ransacked the israeli embassy eight months ago. this is the second time in one year that in egypt embassy is fair game. the prime minister called obama immediately and obama got on of holland -- the phone and said, do something about this. protect these people. she will routinely say that this is the best president in american history in terms of support for israel. in terms of military spending, we have never got more support. but if you ask people on the street, they have a very different reading of the feelings of obama to israel. >> i had taken the position up until recently that israel should not be an issue in the race because the parties are both supportive of israel. it should relate to the domestic issues where there is clear cleavage between the two. that has been my position. i don't think that anyone can rightly say that president obama is the best president. i think reagan was. i think s
panetta will be joined by canadian minister of national defense, peter mackay. they have a press conference scheduled at the pentagon. that will begin in just a minute. it is friday, so that means tomorrow is when book tv on c- span 2 begins at 8:00 a.m., an american history tv on the c- span 3 begins at 8:00 a.m.. so, if you need any information about what is on c-span this week, reminder, both the wisconsin and nebraska debates will be live on c-span today. nebraska is at noon. wisconsin is at 9:00 p.m. eastern time. as you can see, this is about to start. we are bringing you live coverage. have a great weekend. >> we are live here at the pentagon this morning for a briefing with secretary of defense, leon panetta and canadian minister of national defense, peter mackay. leon panetta news yesterday as he acknowledged that terrorists had planned and carried out the attack on united states consulate in benghazi earlier this month and killed four americans, including chris stevens. we could get more on that today. also going on on our companion network c-span 2 right now, on land s
assured by the department of defense that they will not be subject to any major cuts. what's going on? tracy byrnes and ashley webster have the story next on fox business. before copd... i took my son fishing every year. we had a great spot, not easy to find, but worth it. but with copd making it hard to breathe, i thought those days might be over. so my doctor prescribed symbicort. it helps significantly improve my lung function starting within five minutes. symbicort doesn't replace a rescue inhaler for sudden symptoms. with symbicort, today i'm breathing better. and that on! symbicort is for copd including chronic bnchitis and emphysema. it should not be taken more than twice a day. symbirt may increase your risk of lung infections, osteoporosis, d some eye problems. tell youdoctor if you have a heart condition or high blood pressure before taking it. with copd, i thought i'd miss our family tradition. now symbicort significantly improves my lung function, starting within 5 minutes. and that makes a difference in my breathing. today, we're ready for whatever swims our
to president obama's defense. >> i want to tell you how proud i am to stand shoulder to shoulder with a guy who has done more for israel physical security than any president of eight i served with. >> that came the day that the president was on the phone with netanyahu who is in the united states instead of meeting him in person. a white house statement said they are in full agreement of a shared goal to prevent iran obtaining a nuclear weapon, it stopped short of agreal to the red line that he demanded thursday. >> where should a red line be drawn? right here. before, before iran completes a second stage of nuclear enrichment. >> romney pressured the president scheduling his own call today with netanyahu. >> the national security threat is iran with nuclear capability. we spoke about the assessment of where the red line ought to be drawn. >> romney took the opening to hamer a president who has seen drop on foreign policy. the problem is bigger on the questioning of the handling of libya with 39% of the public approving, 43% disapproving and 17% unsure. >> i'm supposed to be eye candy here. >>
smith, an 18-yard strike. the past decade the ravens had one of the best defenses in the league and here is why. kerry williams picked off weedon, 65 yards the other way, baltimore went on to win it. >>> the players have been locked out for 13 days in the nhl and yesterday the league canceled the preseason. the two sides meet today in new york. >>> baseball, rangers play-off bound, beat oakland to clinch the al west. a home run and three rbis. they won it 9-7. then you have the white sox in the middle of a late september collapse. evan longoria and the rays won it 3-2. the sox dropped 8 of 9. chicago's loss is detroit's game. doug fister made american league history, struck out nine straight. tigers held on to win it 5-4. >>> and finally, the mets r.a. dickie picked up the 20th win of the year. everybody is talking about travis snyder. a shot deep to ride. snyder tracked it down. scaled the fence like spiderman and made the grab. cool, calm and collected. snyder hauled it in. that is not only the catch of the day, that is the catch of the year. that's your "first look" at sports. have a
it into the first two things fifth of the one it's not determine if deterrence and defense to argue and no city can be fun to say whether it is a deterrent because the people that are deterred are not coming for to tell us it's clearly not of the wicked ever know 3/5 and the first practice saving of the money it's an empty argument. there has been three separate independent studies done on how much money would be saved. the very $85 million between the top one and the lowest one simply not based on reality. boaters should not vote on that basis. quitter you want to see the death penalty carried out since the voters should make that choice for themselves. the problem is it's not going on right now nobody has been executed in years and the whole process is frozen and if it's not going on when not get rid of it. " that sort of like saying for all those years the foreigners were lousy team motion of dennis try to improve the image of disclose the team down. i don't have the pessimism that many do with the weakened fix it. i think we can if we have leadership if we ever political leaders that truly say
for growth. really, what we're seeing in r.i.m.'s numbers are how well it's doing at playing defense. we know that part of their strategy is discounting their products, hoping they can create somewhat of a moat around them and give them time to get blackberry 10 out. seems that defensive strategy is working better than a lot of people expected. their average selling price is not down as much as people expected. a number of analysts expected them to do worse than that $2.5 billion number. they got up to 2.9. what we're seeing here is the the defensive strategy. it remains to be seen now that the iphone 5 is out and the samsung galaxy iii is out in the channel. >> all right, john. thank you so much. stock up big, 14% higher on r.i.m. up next, europe is a mess. the u.s. and china are slowing down. where is global growth coming from? bob hormats is with me. >>> then, it seems like a number of americans are learning a bad habit from washington. we'll tell you which one next. e, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a
to enter one of their ports. the japan maritime self-defense force's ship is scheduled to join an exercise off busan. navy personnel from the united states, south korea, and australia are also taking part. japanese government officials called on the south koreans to review their decision. they said crews from the other countries plan to sail their vessels into port. but the south koreans stood firm. they say the destroyer does not need to come into port because the drill will take place out at sea. u.s. commanders lead the exercise every year. sailors practice preventing trafficking in nuclear, biological, and chemical weapons. >>> diplomatic ties between japan and south korea have been strained over the territorial dispute. but that hasn't stopped officials from many companies in the two countries from talking business. representatives from some 230 companies got together in seoul on tuesday in an event sponsored by the two governments to help promote bilateral trade. about 50 of these companies are from japan. they are interested in buying machine tools, cameras, lighting equipment, and
the day on nbc. a federal appeals court in new york will consider a challenge to the defense of marriage act which bars the federal government from recognizing same-sex unions. 83-year-old edith windsor filed a lawsuit over a $363,000 federal tax bill she received after the woman she married died in 2009. windsor would have been exempt from the taxes if she had been married to a man. >>> nasa will hold a conference call to present findings from the curiosity rover's mission to mars' gail crater. >>> and happy birthday to actress gwyneth paltrow. she turns 40 years old today. >>> all day long, you can stay on top of the very latest developments in those stories and others as they break on msnbc. and tonight be sure to watch brian williams with "nbc nightly news." >>> and, finally, here's a look at what's coming up later this morning on the "today" show. meet a man who's become an internet sensation after posting a series of photo-shopped pictures of him and his daughter that he calls "world's best father." >>> and actress and former talk show host alana stewart shares stories from her new
of the best defenses in the league and here is why. kerry williams picked off brandon weeden 63 yards the other way. baltimore went on to win it 23-16. >>> doesn't look good for the nhl. the players have been locked out for 13 days, and yesterday the league canceled the entire preseason. there is a glimmer of hope. the two sides will meet today in new york. t white sox are in the middle of a late september collapse. longoria belted one, the rays won it 3-2. chicago's loss is detroit's gain. the tigers are up two games in the central. jumped to a 4-0 lead against the royals. doug fister struck out a nine straight. tigers held on to win it 5-4. >>> finally the mets r.a. dickey picked up his 20th win of the year. travis schneider scaled the fence like spiderman and made the grab. that's not only the catch of the day, that is the catch of the year. that's your early look at sports on "early today." have a great weekend. i'm fred roggin. >>> a reality star defended the nail polish that costs more than some homes. your early morning entertainment headlines are straight ahead. >>> we'll show
. >> reporter: the defense of marriage act signed by president bill clinton is also facing numerous challenges. the law states that the federal government will only recognize traditional marriages, meaning no federal benefits even where same-sex marriage is legal. >> same-sex couples are denied hundreds of different rights and benefits that are provided to married different-sex couples under federal law. >> reporter: on the document as well, whether to curtail parts of the historic voting rights act of 1965. it mandates federal oversight for states with a history of voting discrimination when changing any rules for elections. challengers say the law is outdated and unnecessary. a big lineup of cases that could change the landscape of civil rights in america. francis coe, nbc news. >>> here is a look at other stories making news early today in america. in maine a group of strangers spring into action when an elderly woman drove her car into the portland harbor. the ban of good samaritans pulled the 84-year-old out of her car moments before it sank. the woman is in stable condition. some of the
of the trio had decided to break with the defense team. >> i do not exactly know what has happened. we met of three women on friday. one of them confirmed we would continue to work together. something must have happened over the weekend. >> the lawyers believe someone may have pressured her to create discord between the women and their legal representatives. the others are sticking by their story that they did not commit a crime when they staged a protest in the moscow cathedral. >> my client as already stated it was an ethical mistake to stage a protest at the cathedral of christ the savior. i think those apologies should have been accepted. >> but apologies are not enough for radical members of the russian orthodox church. they staged a protest outside of the court demanding a higher penalty for pless-- for pussy riot. >> syria's for and -- foreign minister. >> addressing the u.n. general assembly, he claimed that france, the u.s., saudi arabia, qatar, and turkey were injured. in the syrian domestic fears -- were interfering in syrian domestic affairs. in syria itself, dozens of civilian
. romney hasn't mounted a defense. a great defense to be made there. washington insiderrism, give away to the unions and uaw. he would stop that. president obama engaged in it after he said he'd change washington. arguement to be made there but they're not making it. >> bret: iran's president stirs things up again at the united nations. does your phone give you all day battery life ? droid does. and does it launch apps by voice while learning your voice ? launch cab4me. droid does. keep left at the fork. does it do turn-by-turn navigation ? droid does. with verizon, america's largest 4g lte network, and motorola, droid does. get $100 off select motorola 4g lte smartphones like the droid razr. >> translator: the current abysmal situation of the world and abysmal history are due to the wrong management of the world. the proclaimed center of power who entrusted themselves to the devil. continued threats by the uncivillized zionist to resort to military action against your great nation is a clear example of this bitter reality. >> bret: iranian president at the united nations, stirring up
national defense. ashley: meanwhile the white house engaged in a series of secret talks on the attack on al qaeda. it included the possibility of unilateral military action against al qaeda in the region. yet still american diplomats on the ground in libya denied additional security to ensure their safety. we take up all this right here tonight, we have retired lieutenant colonel, and also, moody's chief economist on why wall street might not care who wins this election. america's security and the obama administration's handling of foreign affairs quickly becoming one of the top issues with 35 days to the election. and one day before the very first presidential debate. as the white house continues to stonewall cracks in the deadly september 11 attacks in libya continued to emerge. fox news correspondent has more in our report. >> how secure was the u.s. consulate in benghazi before the attacks on 9/11? top republicans on the house oversight committee in a letter to secretary of state hillary clinton shows the security was unstable and unraveling and plead for help rejected. santa made repea
been on the defensive about it which is why when obama is in ohi today he filed trade complaints with the world trade organization. he'll also argue that romney profited from companies while he was at bain capital. he saying it's a margin of error race. inerwo theor romney's behind and that's why they're making comments like this one. >> the question was if we lose ohio, could we still win. say if and buts were candy and nuts, every day would be christmas. >> make no mistakes. > sin ohe two lem forey candidates, while they're both in ohio today, yesterday obama and romney rivalled the muppets and triedo take manhattan. they jammed as much as they could during competingisits to the big apple, a whirlwind day mediaappearans. as tis them either physically in new york or on the tv. >> i'm just supposed to be eye candy here for you guys. >> the two traded few actual bas. instead they did more subtle keheid end the serious issue education and even less serious topics like who could best suck up to the former president, bill clinton. their sharpest and most substantive change was on ira
of public records having been involved in this investigation include the department of defense, southcom, the defense intelligence agency, the u.s. army criminal investigation division, the united states forces and iraq, the first armored division, u.s. army computer and crimes investigative unit, the second army, cyber command. and within that, three separate divisions. the federal bureau of investigation, which now has, according to court testimony, earlier this year, produced a file of 42,135 pages into wikileaks of which less than a thousand concern bradley manning. the department of state, the department of state's diplomatic security services, in addition we been investigated by the office of the director-general of national intelligence, the office of counterintelligence executive, central intelligence agency, house oversight committee, the national security and the piab. the president's intelligence advisory board. the department of justice's spokesperson confirmed in july 2012, the department of justice investigation into wikileaks is ongoing. so for all barack obama's fine word
-in-law and a defense minister. >>> 5:07 is your time now. another major bank finding itself the victim of a cyber attack this morning. mpllin >>> also ahead, why the blown call controversy in the nfl becoming a talking point in the presidential election. >>> take a look at the funnel cloud in illinois. dash cam video shows that cloud. it was part of a storm that spawned tornadoes, golf ball-sized hail and high wipds last night. so far no deaths or injuries have been reported. >>> storm team 4 meteorologist veronica johnson in to tell us more about a change overnight. much warmer, veronica. >> much warmer and a little wet. part of the system that you saw there that produced the tornado in illinois, part of that system producing some of the wet weather around our area. we're not going to see anything like that. we're not going to have severe weather. just showers coming through the area north side of the beltway. bethesda up towards savage, we've got rain showers toward the west. that's what's going to be moving through the morning hours. we're in the 60s this morning. we'll see a high today gettin
a defensive stance or at least those have been the winning sectors in a day when the overall tone to the market has been weaker because of concerns about the euro -- because of europe. also concerns about some sectors in the u.s., specifically the home builders. august new home sales were weaker than expected. as a result the u.s. home building index having one of its worst days in a couple of months putting pressure on home builders which have been generally a positive sector over the last year again. let's look at a couple of dow movers as the dow holds onto the two-point gain. the nasdaq and s&p remain weaker. bank of america, american express, financials are under pressure. disney, cisco and travellers. tech is a standout to the down side today. one of the reasons we see the tech sector weaker is because of circuit. also transports in a shift because of weakness in oil outperforming the dow industrials. back to techs. jabil circuit came out with weak results. stock down over 9%. as we approach the close of september, typically a volatile month for the markets. this time no exc
perspectives. you are more defensive. let me get to you because you heard mark talking about if we see another big selloff we start to get nervous but until then no. why are you not nervous or at least concerned? >> we are cautious about third quarter earnings and standard deviations above the mean and nominal gdp terms we are already below levels normally associated with recessions. it is difficult to see those margins being sustainable. europe is getting worse especially the currency -- trying hard to judge the value of the currency and hitting stronger so nothing new coming out of europe but china is slower. all those things are known but i don't think the market is discounting what is going -- cheryl: we say don't fight the central bankers. >> general you don't want to fight the central bankers but i also think we are reaching a limit what you can expect monetary policy to do in terms of what it will do for the overall economy. dave: that is the point. every time the fed comes out of the new money printing scheme and there has never been in my lifetime a money printing scheme like this whi
agreement, the defense spending not be cut dramatically, that we deal with the bowles-simpson, the debt issue. i think you'll see some kind of compromise right after the election from both parties. i'm a minority opinion here. but i think the american people have a strange way of saying enough of this and we want some changes. and it's going to happen. >> i've been surprised that it hasn't been a bigger issue on both sides, the boobowles simpl approach. >> right now you the way you get ahead unfortunately is negative campaigning. issues matter to some, but ear talking about a very narrow group of voters. minority, young voters in about four state, maybe it's 6%. you're targeting that electorate. and the way you you drive thumbs unfortunately is by being negative. >> bill richardson, thank you for coming in this morning. we'll see what happens. >> did you see the driver less cars? >> dennis miller tweeted -- i said can i use this. where does a driverless car need to do, why doesn't it just say parked? seriously. >> like a steven wright sort of -- >> it is. but where is it headed? i mean,
the arab minister of defense and chief of intelligence are new. to create the relationship and the situation between civilians -- create the separation between civilians and military societies. that is tricky. that was a transition that we organized well. we had countries -- mine, for example, came from a military dictatorship. we organized -- [indiscernible] that is something that not many people have experienced. i think that we should be trying to work on that direction. >> as the cold war was ending, there is a big meeting in the halls of congress. all of the senior military leaders from every european country and even the vatican was represent. i was the first speaker. my russian colleague was across the hall from me. i said, i am chairman of the joint chiefs of staff, armed forces of the united states. i live in a system whereby constitution doesn't really trust me. they only give me money for a limited time and i have to go back and ask for more. they control the purse and the even made it in the constitution that we would provide for and maintain a navy because we w
the green light for the government to loosen up its deficit targets. >> meanwhile the defense ministers are reportedly set to meet over the planned $45 billion merger between bae and eads. our favorite name so far is beads. it's a warm and fuzzy name for a defense company. >> absolutely. beads. doesn't sound bad whatsoever. a little bit of a feminine touch there if you think about what you can put around your neck, but i i like it, too. the latest in that development is of course tomorrow tom enders will step into front of the german parliament to map out the kind of deal that we may expect from that merger. until now, all the governments involved, uk, u.s. as well as the french and german of course have come up with a lot of yes buts. meaning they're looking at trying to safe guard jobs and also a possible takeover and the golden share offered quite a few days ago, however it could be getting in to problems when it comes into the eu competition wall. so we really have to see. perhaps tomorrow after that meeting, we could see more information. ross. >> all right. thanks for that, patric
're very careful, very defensive when i ask them how do you relate to the political parties in spain. they all smile and say we keep as far away from them as we can. and they do. they have nothing to do with them. [laughter] their sense is parliamentary politics is the hornet's nest of trouble and corruption. even though they clearly have their leftist -- it's very obvious when you go there they are on the left, but they do not. they want to keep very clear of the -- but they are a stunning example of what can be done. not that you have to go to other countries. cooperative enterprise. and, again, let me urge you -- i'm really embarrassed that i forgot the title, but one of your folks here in san francisco, in berkeley, john curl, curl, written a book. new edition came out this year. of the history of cooperative enterprise here in the united states. it will amaze you of how much our history as a nation is wrapped up with people who came from all over the world with all kinds of experiences they brought with them in collective or cooperative or community enterprise. last point. the k
at the lustration has declined to defend the defense of marriage act. present romney might decide he would defend the constitutionality of that statute. it does seem like that has a lot of salience and presidential debates. i.t. think it will not happen. here is why. no major national political figure has attacked as publicly since 1996 or before. it is remarkable. the republicans were seeing some political profit in attacking affirmative action given the polls. they do not do it anymore. john kerry said maybe it is time to stop these racial preferences. the democratic leadership council was inching down that road. that is all gone. this is why we get so demonized if we ever raise our voices against affirmative action. part of it was there was an incredibly bitter campaign in california over proposition 29 which banned racial preferences in state programs in 1996. really bitter. i think it is fair to say there is an awful lot of demonizing going on against the supporters of proposition 209. it was bloody. i think politicians look at that and say i do not want to get into that. joe lieberman backe
things with the defense department and where they're going to be at as far as cuts go. we'll get an indication what's going to happen. i think we'll have to wait until the election is over and done with and we'll get clarity for the future of the markets. >> i really like the fact you're looking at this whole dividend issue. we've been talking about the fiscal cliff a lot on this program. do you really think these guys are going to allow dif vidend taxes to go to 43%? >> they think hthis is a bunch f wealthy people trading the stock market. these are teachers' pension funds. all receiving some kind of yield with their investment into the marketplace. if you're going to take the cost of that and go up significant, maybe less people will be involved. it's not good for the overall economy, in my opinion. >> as an executive at a firm that has raised the dividend, that's been paying back shareholders, even in a good performance, not that you need it, would that dictate your behavior? would you -- if dividend taxes went that high, would you reconsider? >> we've taken nothing off the ta
on the campaign and frafrmgly the obama campaign has been on the defensive about it which is why when obama is in ohio today he's going to make the amount about ohio. he filed trade complaints with the world trade organization. he'll also argue that romney profited from companies while he was at bain capital. he's saying it's a margin of error race. in other words, that'd code for romney's behind and that's why they're making comments like this one. >> the question was if we lose ohio, could we still win. say if and buts were candy and nuts, every day would be christmas. >> make no mistakes. ohio, big problem for romney. >>> speaking of the two candidates, while they're both in ohio today, yesterday obama and romney rivalled the muppets and tried to take manhattan. they jammed as much as they could during competing visits to the big apple, a whirlwind day of media appearances. it was hard to miss them either physically in new york or on the tv. >> i'm just supposed to be eye candy here for you guys. >> the two traded few actual barbs. instead they did more subtle contrasts on the serious is
it was a terrorist attack. >> brown: at the pentagon today, defense secretary leon panetta seemed to have little doubt about what happened at the u.s. consulate in libya more than two weeks ago. >> a group of terrorists obviously conducted that attack on the consulate and against our individuals. what terrorists were involved, i think, remains to be determined by an investigation, but it clearly was a group of terrorists who conducted that attack against the facility. >> brown: what seemed clear today, though, had seemed less so just days ago. the original explanation for what happened the evening of september 11 was that an america-made movie denigrating islam had incited a mob, which had then stormed the u.s. consulate in benghazi. that attack left four americans dead, including u.s. ambassador to libya, christopher stephens. but in the weeks since, even as protests spread across the muslim world over the anti- muslim film, a chorus of doubt grew over whether militant extremists, including al qaeda , had planned the attack to coincide with september 11. and the entire issue, perhaps inevitabl
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